A Practical Guide to Cost Engineering

Helber Macedo

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English

Routledge
01 December 2023

Cost accounting; Project management; Engineering: general; Surveying

A Practical Guide to Cost Engineering aims to show you how to work as a cost engineer out in the real world.

Written by an experienced cost engineer and training program developer, this book introduces the practical side of cost management (cost estimation, cost reduction, and cost control) through real cases and realistic examples from a diverse range of engineering-based projects. With examples from nuclear, oil and gas, and renewable energy sectors, the book introduces and demonstrates the activities of the cost engineer throughout a project life cycle. The content is divided into logical sections covering basic concepts, cost estimation, cost control, economic feasibility, sustainability, and more, and the chapters are packed full of features such as definitions, formulas, exercises, and examples. The focus is on providing a practical approach where the reader can first understand a concept and then apply it using an Excel tool developed by the author which allows the reader to simulate different scenarios and results.

The simple approach focusing on essential information backed up by practical scenarios presented in this book allows cost engineers and related professionals to execute and understand their activities, develop their professional skills, and even develop in-house training programs. A Practical Guide to Cost Engineering is accompanied by online resources, accessible via the Routledge Resource Centre wesbite.

By: Helber Macedo
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 200g
ISBN: 9781032505824
ISBN 10: 1032505826
Pages: 218
Publication Date: 01 December 2023
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

1. Introduction 2. Basic Concepts 3. Cost Estimate – Quick Methods 4. Cost Estimate – Detailed Method 5. Probabilistic Cost Estimate 6. Economic Costs 7. Economic Feasibility Study 8. Cost Control 9. Additional Topics 10. Sustainability and Cost Annex

Helber Macedo is a Costing Manager at Baker Hughes working with Subsea Projects in the oil and gas industry in the UK. He has worked as a cost engineer in the oil and gas industry for over 15 years. He is the author of a number of technical papers and developed and taught a variety of in-house cost estimating, construction, planning, and industrial assembly courses for Petrobras.